© rainer plendl dreamstime.com
Components | July 03, 2013
Dialog Semiconductor to acquire iWatt
Dialog Semiconductor, a provider of highly integrated power management, audio and short-range wireless technologies, has entered into an agreement to acquire iWatt, a provider of digital power management ICs.
Under the terms of the acquisition agreement, the shareholders of iWatt will receive an up-front payment of approximately USD 310 million in cash, plus up to approximately USD 35 million in contingent consideration. The contingent consideration is based on achieving future revenue targets. The acquisition is being funded from both Dialog's existing cash resources and additional debt facilities of USD 125 million.
Dialog's CEO Jalal Bagherli commented, "This acquisition underscores Dialog's strategy to diversify our markets and growth opportunities through select strategic acquisitions. We see the acquisition as highly complementary to our existing PMIC business enabling Dialog to address adjacent emerging power management segments, including cutting-edge AC/DC solutions for next generation fast portable chargers as well as ICs for LED solid state lighting."
"iWatt has been shipping products to numerous top-tier customers and is expected to increase our future business opportunities with market leading customers such as Samsung, HTC and Nokia in the portable segment, and GE, Osram and Philips in the fast growing solid state lighting market." concluded Bagherli.
Ron Edgerton, iWatt's CEO and President and Chairman, commented, "The iWatt team is excited to join forces with Dialog. Our digital power management technology has allowed iWatt to become a leader in both AC/DC power conversion and the emerging high growth LED solid state lighting market."
"The combined company will be in a stronger position to provide the complete end-to-end solution for next-generation rapid and intelligent charging for portable devices." added Edgerton.
Pulse is now a part of the Yageo Corporation Group
Taiwanese electronic component manufacturing, Yageo Corporation, announced...
Lattice names new corporate VP of worldwide sales
Lattice Semiconductor has appoinded Mark Nelson as the company’s Corporate Vice...
Smith Names Sean Evans as Chief Financial Officer
Electronic components and semiconductor distributor, Smith, has appointed Sean...
Astronics completes sale of semiconductor system level test technology
Astronics Corporation, a provider of technologies for the global aerospace, defense, and...
Osram Licht AG confirms talks with Bain Capital and Carlyle Group
Osram Licht AG is confirming the market rumours that Bain Capital and Carlyle Group are...
CIVINTEC acquires the Cidron RFID reader range from Nexus
CIVINTEC, a supplier of RFID products in the global OEM and ODM segment, is acquiring the...
Fraunhofer Institute goes with Veeco's ion beam sputtering technology
Veeco Instruments has shipped its SPECTOR Ion Beam Sputtering (IBS) system and the...
EIB provides a total of €80 million to Zumtobel Group
The European Investment Bank (EIB) is providing the Austrian lighting company Zumtobel...
Mayflex expands operations operations with new HQ
IT communications equipment company, Mayflex, is expanding its UK operations and relocating...
Sensata breaks ground on new $27 million expansion
Sensor manufacturer, Sensata Technologis, has broken ground on a new production and...
WiTricity acquires Qualcomm Halo
Wireless power technology player, WiTricity, announces the acquisition of certain technology platform and IP assets from Qualcomm Incorporated and Qualcomm Technologies, which will bring over 1'500 patents and patent applications...
C&K focuses on business expansion - appoints industry veteran as CRO
C&K, a supplier of electromechanical switches, has appointed Scott Smith as the...
PSS to acquire wafering division of Meyer Burger
Precision Surfacing Solutions (formerly Lapmaster Wolters Group), says that the company...
Another CEO at Würth Elektronik eiSos
Würth Elektronik eiSos GmbH & Co. KG announces that it has appointed Thomas Wild as CEO...
Report: Renesas to lay off 1’000 employees
The Japanese chipmaker is reportedly looking to reduce its workforce by almost 1’000 employees by the end of June, as the company is trying compensate for a shrinking domestic market.
ODU to expand in Korea
As of January 1, 2019 ODU has a new company carrying the ODU name in Korea. Kai...
Cisco completes acquisition of Luxtera
Cisco has completed the acquisition of privately-held Luxtera, Inc, a semiconductor...
STMicro to acquire majority stake in Swedish SiC wafer manufacturer
STMicroelectronics says it has signed an agreement to acquire a majority stake in Swedish...
Intersection of hardware and design process in IoT solutions
Recent IoT research by development distributor Premier Farnell indicates that hardware...
ODU-USA in strategic partnership with RED Digital Cinema
ODU announces a strategic partnership with professional digital camera manufacturer...
Most Read
Load more news